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(USA) Marcal Paper Mills Inc., an Elmwood Park-based bankrupt recycled paper maker, received a $121.6 million bid to buy the company from second-lien lenders led by Dallas-based NexBank SSB. The offer is subject to higher bids at auction. read more »
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(USA) For the second year in a row, UPM has been named the top environmental supplier of paper to the world's largest magazine publisher. In Time Inc.'s annual review of the environmental performance of its paper suppliers, UPM had the highest score. read more »
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(USA) NewPage Corporation announced its financial results for the third quarter of 2007. Net sales were $545 million in the third quarter of 2007 compared to $522 million in the third quarter of 2006, an increase of 4.4%. The increase was driven by favorable coated paper sales volume, partially off read more »
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(Israel) American Israeli Paper Mills Ltd. has reported financial results for the third quarter and the nine months period ended September 30, 2007. The Company, its subsidiaries and associated companies. read more »
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(USA) Rock-Tenn Company has reported earnings for the quarter ended September 30, 2007 of $0.50 per diluted share and for the fiscal year then ended of $2.07 per diluted share. The Company reported net income of $21.5 million, or $0.57 per diluted share, and $28.7 million, or $0.77... read more »
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(USA) Neenah Paper has reported income from continuing operations for the third quarter 2007 of $16.5 million, or $1.08 per diluted common share, compared with income from continuing operations of $4.6 million, or $0.31 per diluted common share, for the third quarter of 2006... read more »
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(Russia/Finland) Finland's UPM-Kymmene, one of the world's largest forestry and paper products firms, is looking for alternative sources of wood fiber following Russia's plans to establish higher duties on wood exports. read more »
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(USA) Louisiana is offering International Paper Co. a state sales tax reduction that should cover most costs of converting its Bastrop mill from paper-making to pulp production, Louisiana Economic Development Secretary Mike Olivier said. read more »
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(USA) Albany International has reported a third-quarter net loss per share of $0.13, after restructuring charges of $0.34. Net income per share was also reduced by idle-capacity costs related to restructuring of $0.06, costs related to continuing performance-improvement initiatives of $0.17... read more »
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(Canada) Surging Canadian dollar has dealt a heavy blow to an already reeling forestry sector, forcing Manitoba companies to begin curtailing production. Unlike mining and grain farming, which are thriving because of high commodity prices, forestry has been hit... read more »
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Digital books might finally gain a foothold, observers say -- not as a replacement format, but as an alternative delivery system not unlike the audiobook... read more »
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(South Africa) Paper and pulp producer Sappi on Thursday reported a 50 percent jump in basic earnings per share from 18 US cents for the three months to end September 2006 to 27 US cents for the September quarter of 2007. read more »
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(USA) Marcal Paper Mills Inc.'s bankruptcy lender has agreed to serve as the lead bidder for the paper maker's assets in a deal valued at more than $166 million. NexBank SSB has offered to pay about $9.45 million cash, credit bid $35 million of its secured claim against the company. read more »
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(Canada) As many as 2,000 jobs in Grand Falls-Windsor are in jeopardy as AbitibiBowater announced a comprehensive 30-day review of all its operations that will likely result in closures. The Grand Falls-Windsor mill is one of 32 pulp and paper mills and 35 wood products facilities... read more »
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(EU) UPM ProFi Deck has won a second prize in the European Business Awards for the Environment - National Cleantech FinlandĀ® awards in the Product category. UPM ProFi Deck is a new innovative product by UPM mainly made of recycled material... read more »
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